Macquarie Bank Basic Loan


The Macquarie Bank Basic Home Loan is available for both owner-occupier and investor borrowers.

When setting up the Basic Loan, borrowers will be able to split it between up to six sub-accounts. Fixed and variable rates are both available, so that borrowers can choose to have the security of a fixed rate, the flexibility of a variable rate, or a mix of the two.

Borrowers will also be able to make interest only payments for a portion of the loan. This will allow them to reduce their interest payments before switching to principal and interest, making for lower payments over the course of the loan.

Borrowers wanting extra flexibility in terms of managing their loan will also be able to make unlimited additional repayments on variable rate accounts, and limited annual additional repayments on any fixed loan accounts.

Borrowers can also access those extra repayments via a free redraw facility, should they need to.

The loan also features a construction option, allowing borrowers to draw on their loan in portions as they build.

Borrowers deciding how they would like to manage their loan will also have the option of receiving a Macquarie Bank RateSaver Credit Card with their Basic Loan.

Who is the Macquarie Bank Basic Loan good for?

The Macquarie Bank Basic Loan may be a good option for owner-occupiers, investors, and first time buyers who are looking for an extremely flexible loan that will give them a great deal of control over its structure and ongoing management.

Review - What RateCity says

The Macquarie Bank Basic Home Loan offers borrowers flexible features and competitive interest rates

For instance, this loan allows for additional repayments to be made, and has a free redraw facility should you need to access those funds down the track.

It has a construction facility, which gives borrowers to draw on the loan in portions as they renovate or build.

It is available for both owner-occupier and investor borrowers with options to pay principal and interest, or interest only.


The Macquarie Bank Basic Home Loan also offers both fixed and variable rates as well as the option to split.

Macquarie Bank Basic Loan Options

The Macquarie Bank Basic Loan offers a wide range of flexible options, at a number of minimum loan sizes and deposits. For more information about the options available, please click the links below.

  • Competitive interest rates.
  • Additional repayments allowed.
  • Split rate options.
  • No offset account.
  • Discharge fee applies.
  • No portability option.

Australian resident.

At least 18 years of age.

Proof of income.

About Macquarie Bank

Macquarie Bank is owned by Macquarie Group, an international financial services group that provides banking and financial services to a wide range of customers. It was founded in 1969 as Hill Samuel Australia, and focuses on seeking new opportunities in its business endeavours.

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